In securing sources of finance for a Small Business, look to commercial banks as the very last option and only for working capital..
Do not use bank loans to start a business, use bank loans to expand or finance your business once you have a steady cash-flow pattern and clear receivables.
for finance try
1. family and friends for startup equity
2. Advance payments from clients
3. Deferred payments on business obligations
4. “Angel” equity investors
5. Loans from trade cooperatives you belong to
6. Barter
Keep start up operations, lean but mean, share services, reduce all costs, less costs, less capital needed.
Keep all interest based loans at a minimum…especially at start up.
“Interest”, includes all forms of repayment that require a fixed repayment regardless of the performance of your small business…
